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<br /> � not extend or j�ostpone t.he due date o1' thc montlily instalLnents referred to in paragraphs 1 and 2 hereof or
<br /> ehange the amount of such instnlhne*�ts.
<br /> �' 10. Bozrower Not Released. �xtension of thc tiinc for pa,yment or modific�t.ion of amortization of the sums
<br /> �< secured by this bZortgagegrsnted by I.ender to any'siiccessor in interest of Borro�ver sha.11 not .operate to release,
<br /> t`' ' in anq mamier, the liaUilitv of tlie original I3orro�ver and Borrower's successors in interest: Lender sha11 not be
<br /> � ' � required to commence proceedings against sucl� succr.ssor or refuse to extend t.ime for payment or otherwise modify
<br /> (" �- amo;tization of the sums secured by td�is \lortganc hy reason ol' any demand madc by tlie original I3orrower and
<br /> I ` �� Borrower's euccessors in interest: , . '
<br /> 1L Forbearance by Lender Not a Waiver:` ' Any forbearance by Lender in exercising any right or remedy
<br /> � liereunder, or o�herwise afforded by applicablela�v; shall not be n �+�niver of or preclude the exercise of any right � ` :
<br /> � or remedy hereunder. The procurement of insursnce or tlie l7ayment of taxes or other liens or charges by Lender
<br /> shall not be a' ivaiver of Lender's right to accelerate the maturity of the indebtedness secured by this Mortgage. '
<br /> ' 12. Remedies Cumulativel' All remedies provided in this :l4ortgage are distinct and cwnulative to any other
<br /> ? right or`remedy undei 'this _l4ortga�e or afforded by la��� or equity , znd ma�� bc exercised concurrently, independ- �
<br /> ently or suecessively:
<br /> 13. Successors and Assigns Bound: Joint and Several LiabiGty; Captions. Ttie covenants and` agreements
<br /> herein contained shail bind , znd the rights l�ereunder shall iuurc to; tlie resnective successors nnd assigns of Lender ; `
<br /> and Borrower, subject to theprovisions of paragrapl� 17 hereof. :�ll covenairts and agrecments oF Borrower shall
<br /> be joint and several . The captions and lieadings o2 the paragrn�>h; of tl�is llortgxge ure for eonvenience only and �
<br /> are not to be used to interpret or define thc I�rovisions liereof.
<br /> I4. Notiee. any noticeto I3orrocacr proc-ided for in tl� i, \ lortgage shatt t�e gi��en by mailing si�clr notice by
<br /> certified �i�ail addressed to Borro�ver at tlic Prol�erty ,�ddress stated t,ielow , excelrt� Yor any notice requirecl under
<br /> paragr�pli l8 hereof to be given to Borrower in the manner pre;cribed by ap��licnble law. Any notice provided
<br /> forin' this �Iortgage shall be deemed to have been given to Borrou�er when given in t.he manner designated herein. �
<br /> 15. Uniforzn Mortgage: Govexniag Law; Severability. '1 his forin of uiorlgage coinUines uniform coveuants
<br /> for national use and non-uniform covenants �vikh limiteci vsrintions f>y jurisdiction to constitute a uniform secu-
<br /> rity instrumeirt covering i•eal property. This \ Iortgagc shall be governed by tl�e law of the jurisdiction in which
<br /> '' the Property ;is located . In the event that any provision or clause of t1�is 14ortgage or the Note conflicts with
<br /> applicable law, sucli confiict shall not affecf. otl�er pro��isions of this \'Iortgage or the Note which can be given
<br /> effect without the conflicting jirovision, and to this end the provisions of thc _l4ortgage and the Note are declacecl
<br /> " to be severable.
<br /> 16. Borrowei s Copy. ]3orrower shnll be furnisl�ed a confa•med copy of this :�Iortgage at the time of execu-
<br /> tion or after recordation hereof.
<br /> 17. Tzansfer of the Property: Assumption. It all or any part of tl�e Property or an interest therein is sold
<br /> ; or transferred by Borrower without Lendei's prior �vritten consent, excluding (� ) the creation of a lien or encum-
<br /> ; brance suUordinate to this \-fortgage, ( b) tlie creation of a purcliasc money security interest for household appli- �. �
<br /> ' ances, ( c) a transfer by devise, descentor by operation of lan- u��on the death of a joint tenant or (d ) the_ grant ofr �/ �'/�j �'
<br /> y � any leasehold interest of three years or less not containing an option to purchase , Lender may, at Lender's option �/J
<br /> declare all the sums secured by this DZortgage t.o be iminediutclv due and p.�yable. � I it .
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<br /> If Lender exercises sucl� option to acceler2te, Lender sl�all :nail I3orrower notice of acceleration in accordsnce
<br /> �vitl� paragraph 14 hereof. Such notice shall provide a ��eriod of not, le,s than 30 days from the date the notice is
<br /> mailed within �vhich 13orrower inay pay tl�e sums declared due, If 13orro�ver fails to pay such sums prior to the
<br /> expiration of such period , Lender may , �vithout further notice or demand on Borrower, in��oke any remedies per- �
<br /> mitted by paragraph 18 hereof.
<br /> � � Nox-iJxiFox,ni Covr;xnrz�s. Bori•o��•er and Lender fui•t,l�er coveuant and a�;i•ee a� follows :
<br /> 18. Aeceleration; Remedies. Except as pro��irled in � �aragraph 17 hereof , upon Borro�c�er's bresch of any
<br /> ` eovenant or agreement ' of Borro�ver in tl�is �lortgage , including tlic covensnts to ��ay �rLen dne sny sums secured
<br /> by this Jlortgage, Lender prior to acceleration sl �all muil notice to I3orro�vcr a� 1>ro��ided iri p:u•agraph 14 l�ereof .
<br /> �pecifyin� : ( 1 ) the breacli ; ( 2 ) tl�e .iction required t.o cure such breacli ; j3 ) a dute, not less tlian thirty days
<br /> from t.he date thc notice is mailed to I3orro�rer , hy �chicl� sucli bmach must, be cured ; and 14 ) tliat failurc to cure
<br /> such breach on or before tl�e da6e specified in thc notice inay result in acceleration of tl�e aums secured by this
<br /> Mort.gage and sale of the Property. If the brettch is not cure<3 m: or before tl�e dste specified in tl�e notice , Lender
<br /> � � � at Lende�'s option �nsy declare ull of tl�e ,ums secured b�= tl� is vlortg:�gc ta be in�imediatcly clue and pnyable � � �� �
<br /> without furtl�er demand anci may foreclose tl �is \Zortgage by .i udicisl proccedin�, Lender shall bc entitled to collect
<br /> in sueh proceeding all espenses of forcelosui•e , inclucling, hut not liinited to , costs of ciocumentary evidence,
<br /> abstracts and title reports.
<br /> 19. Borrowei s Right to Reinstate. Notw•itl�standing I,endei's ;icceleration of the sums secured by this
<br /> Mortgage, Borrower sl�atl have tl�e right to have any ��roceedings begim by Lender to enforce this i�lorigage dis-
<br /> continued at any time prior to entry of u judgment enfoxeing tliis �lortgage if : (al Borro�rer pays Lender all
<br /> sums which would be then due under this �fa•tgage, thc Note :ind notes securing Future �dvances, if any , had no
<br /> acceleration occurred ; ( b ) Borrower cure� all brenchee of sm• oUier co��cnani� or agreements of Borrower con-
<br /> tained in this Mortgage ; (c ) Borruwer pays all reiisunieLie es��e��scs iucut•red h}� i ,ender in enforcing fl�e covenantti
<br /> and agreements of 23orrower contained in this 3lortgaFe and in enimring 3.en�ter's re�nedies us provided in pt�ra-
<br /> graph 18 hereof, including, but not limited io, ressonnUle attorney '� teee ; .ind id ) 13orroc;�er tskes such aetion as
<br /> Lender may reasonably require to assure that the lien of this _lIortgagr, Lender's interest in the Yroperty :�nd ,
<br /> Borrower's obligation to pay the sums secured by th�s \lortgage sl�all continue unimpaired. Upon such payment
<br /> and cure by Borrower, this :�4ortgage and the obli�at�ons secured J�ereb�• sliall reinain in full force and effect as if TM ` ' � " , , �+
<br /> no acceleration had occurred. � ' ' � T„��,.'
<br /> 20. Assignment of Reats; Appoiatment of Receiver; Lender in Passession. As additionsl seeurity here- R ' �� ,
<br /> 1 under, Borrower hereby assigns to Lender tl�e rents �f the Property, pro��idt:d that Borro�;•er shall, prior to zcceler-
<br /> L . ation under garagraph 18 hereof or abandomnent of ti�e Property, hsive thc right to collect and retain such rents ��h "
<br /> as they become due and psyable.
<br /> ' Upon acceleration under E�aragrapli 18 Lereof m• stfandonment of the Yropertti . I,encier, in iierson . bp agent
<br />� or by judieiull,y appointed receiver shsll bc enfit]ed ta t�ntcr upon , take ��osse�siox� of and �i�ana�e thc Propertp
<br /> and to eollect the rents of the Pmperty, including those psst due. All rents collected by i.ender or tl�e receiver ` "6i '
<br /> shallbe applied first to payment of the costs of nianngerx�ent of the Property and collection ot rents, including, but
<br /> not limited to, receiver's fees, premiums on recciver', 6ond� anci rcasonnble attorney's fees , und ttien to t.lic smns
<br /> r� �ec:ured by ihis 1lortgage. Lender and the i•eceiver s(it1I1 be li:� i�le to accoiint only for thoce rents actuxll� receiveci .
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